Akron Global Business Accelerator Attracts Two Global Firms, 80 Potential Jobs

The attraction of two Israeli technology firms to the Akron Global Business Accelerator last week affirms the region's commitment towards achieving a vibrant future in a global economy.

Both companies taking up residence in the Akron-based business incubator work on exciting technological developments, according to an article in the Akron Beacon Journal:

"Innovative Communications Solutions (ICS), which will move in this July, develops remote-monitoring systems with diverse applications. One product would allow medical professionals to monitor the health of and speak to a home-based patient using a watch-like device. Another system in development would allow drivers to use their cell phones to report parking in a metered space, with a monthly credit-card charge ending the need to carry quarters.

The other company joining the incubator is Teraphysics Security Inc. (TSI), a new firm that partners a Cleveland company called Teraphysics Corp. and an Israeli company called Tamar Explosives. Teraphysics Corp. is trying to develop products around a terahertz radiation power source it has invented, which dramatically amplifies current detection capabilities, executives said."

ICS originally planned for Akron, a partner in Advance Northeast Ohio, to primarily house only a sales and marketing staff. After gauging resources in the region, however, the company will bring a development team here, as well.

''We are very impressed with the support we are getting here,'' ICS chief technology officer Eli Ben-Meir said, complimenting Akron Mayor Don Plusquellic in assisting with the move..

Naturally, with new business attraction comes new talent to the region. ICS plans to create 30 to 35 jobs within three years; TSI expects to bring 45 to 50 new jobs to the area in that same time period.